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Channel MA Short-Term System

  • #621
  • Nov 11, 2017 8:43am Nov 11, 2017 8:43am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Also for dethkult; If you open up the EA, you can optimize settings for each chart to have open. Default happens to be 40 TP, 40 SL. If you don't like 40/40, Change it! To everyone that is newer to this thread, if you plan on trading real money, it is Imperative that you read the thread, take notes and assume the responsibility any job requires.
Oh, already did so. That was towards people who'd expect to have one setting fits all. Different pair, different nature, is all I'm saying.
  • #622
  • Nov 12, 2017 9:28am Nov 12, 2017 9:28am
Quoting damiend
Hi guys, Sorry for my lack of time, I'm not sure I answered to everyone because of that but I read all posts and compute all your suggestions. Attached is a new version 1.4 for the EA with the following changes: Added a check to prevent opening sell orders above the channel and buy orders below the channel, could be useful during high volatility New UseHigherTimeframeTrend (disabled by default). If you set a higher timeframe, it will open trades according to the higher timeframe direction only. The trend check is very simple, it is done with the...

First off, I want to thank MickeyMar for your generosity for sharing your system with us.! just like you I have been always fascinated by "MA crossover strategy", and I think you have found great solution filtering out "the noise"!!

Thank you also for Damiend for working EA for us!

Anyway Damiend, If I may ask, would it be possible to add several option for TP method for future EA updates, I have several thoughts on this,

1. TP/close when price closes below signal line for buy. (and vice versa)
2. TP/close when price closes below "configurable MA", for example, smoothed MA period 10 apply to low for buy (and vice versa) it's great if this can be configurable

Thank you and good day!
  • #623
  • Nov 13, 2017 4:38am Nov 13, 2017 4:38am
Quoting Jagg
{quote} Hope I understood you correct... try this please. {file} {file}
Dear Jagg,

I am afraid I cannot receive any alerts from this indicator Am I doing something wrong or is there any issue regarding the indicator, please?

Thank you in advance.

Regards.
Imparo ancora
  • #624
  • Nov 13, 2017 5:31am Nov 13, 2017 5:31am
Quoting erksa
{quote} Dear Jagg, I am afraid I cannot receive any alerts from this indicator Am I doing something wrong or is there any issue regarding the indicator, please? Thank you in advance. Regards.
Sorry, my fault... try this one please!
Attached File(s)
File Type: ex4 !keltner_channel_alerts.ex4   21 KB | 671 downloads
File Type: mq4 !keltner_channel_alerts.mq4   6 KB | 700 downloads
  • #625
  • Nov 13, 2017 5:35am Nov 13, 2017 5:35am
Quoting Jagg
{quote} Sorry, my fault... try this one please! {file} {file}
Thank you very much for your prompt reply..
Imparo ancora
  • #626
  • Nov 13, 2017 10:48am Nov 13, 2017 10:48am
What setting are giving the best backtesting result?
NICKNAME FOR WANNABE MY TRADES ARE ON LEARNING DEMO ACCOUNT
  • #627
  • Nov 15, 2017 5:06am Nov 15, 2017 5:06am
Things seem to be turning around on my $1000 account 28 pair basket test. The first week was bad and I thought the account would blow, but this week almost all the pairs seem to be trending just right and the account is almost recovered. I'll keep you guys updated or you can follow the TE in my profile.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-15 at 9.03.17 AM.png Size: 221 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #628
  • Nov 16, 2017 4:37pm Nov 16, 2017 4:37pm
Thank you to MM for sharing his ideas and methodologies. I have been trading the Stairstep Breakout method for a few years while also working on a method similar to the one presented here. I have found that the signal line break of the channel and the breakout on the SSBO system are pretty close together and usually yield good trades. I offer a couple of observations from my research.

In my research, I use a 55 ema channel and either a 9, 13, or 21 ema close - depending upon volatility and my risk tolerance that day. I do not suggest that this is a better setup than MM's use of the 33 ema. Each must make a system their own and this just happens to be the way I like it.

One of the tools that I have used to filter out some of the false breakouts is an ADX. I like to see the ADX line above 22 or 25, and increasing. i.e. the value of the ADX on the signal candle should be higher than the previous candle, and above 25. Since the ADX is indicating the strength of the current trend move, I am only interested in the ADX line, not the D+ or D- lines.

If the ADX requirement is not met on the signal candle, I consider the conditions for the next two candles. If the ADX goes above 25 and the signal is still beyond the channel, I consider this a valid trade. If the ADX does not go above 25, I consider the signal failed and wait for another one.

Attached is a quick screen shot showing the 55 ema Channel with a 13 ema close signal line. I scrolled back a few days and placed lines of potential trades.

At point 1, the trade is not taken because the ADX is below 25. However, two candles later, at point 2, the ADX is above 25 and the trade is now taken.

At point 3, the ADX is below 25, indicating a weak move. So the trade is not taken.

At point 4, the signal has crossed, the ADX is above 25 and is rising. the trade is valid.

Perhaps this ADX filter could be helpful in this method.
Attached Image (click to enlarge)
Click to Enlarge Name: GU MAChannel and ADX.JPG Size: 172 KB
  • #629
  • Nov 16, 2017 7:16pm Nov 16, 2017 7:16pm
Thank you Tpc23 for sharing observations from your research here. With the ADX, your system seems to be very impressive. When I scrolled back, I saw some good profitable trades. I tried with the 3 EMAs combined and found out that when the 3 EMAs crossed, a good move is on its way. Hope to hear more from you. TQ
  • #630
  • Nov 17, 2017 3:04pm Nov 17, 2017 3:04pm
What a turn around for the week!

The first week the account took a huge knock, but this week it has recovered very nicely, and looking set for some good profits. Still 2 weeks to go to finish the 1 month basket test. Let see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-17 at 7.01.25 PM.png Size: 203 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #631
  • Edited 1:52pm Nov 19, 2017 1:33pm | Edited 1:52pm
Quoting Tpc23
Thank you to MM for sharing his ideas and methodologies. I have been trading the Stairstep Breakout method for a few years while also working on a method similar to the one presented here. I have found that the signal line break of the channel and the breakout on the SSBO system are pretty close together and usually yield good trades. I offer a couple of observations from my research. In my research, I use a 55 ema channel and either a 9, 13, or 21 ema close - depending upon volatility and my risk tolerance that day. I do not suggest that this is...
Thank you for your ADX input - a very strong tool indeed
Here is an excellent presentation complimenting your input
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
Attached File(s)
File Type: pdf ADXcellence.pdf   3.4 MB | 7,876 downloads
File Type: mq4 Advanced_ADX.mq4   2 KB | 670 downloads
What goes up will come down...
  • #632
  • Nov 20, 2017 1:22pm Nov 20, 2017 1:22pm
we missed MickeyMar and Damiend?
  • #633
  • Nov 22, 2017 1:25am Nov 22, 2017 1:25am
Defininitely y're right. Most probably lack of time.
I've started with a UsD 10,000 account 3 weeks ago with 8 pairs. Result this morning: usd 9,933.
all default settings. must be adapted individually, of course
still experimenting.
Running the updated version DD1.4 / 24 hours.
I have also tried 5min / 3O / 60 min with other brokers. The results are very negative so far.
  • #634
  • Nov 22, 2017 12:09pm Nov 22, 2017 12:09pm
with some buystop and sellstop perhaps this EA can works good, but................
  • #635
  • Nov 23, 2017 11:09am Nov 23, 2017 11:09am
Quoting MickeyMar
About Me I have been trading for 12 years now, and for most of this time I've made my living from the market, or from market-related business. I have traded many systems, of mine and of others, with various levels of success. For about 4 years I have settled on this system, which fits my financial objectives, my trading style and my psychological profile. I have consistently been successful trading it, and for years I felt no need to try any other on my live accounts
Dear Mickey, on Nov 3rd, post 542, you published settings for DD-channel-MA-1.2 that you wanted to trade live. 20 days are over: which are the results?

The same settings, backtested on the last four years, make it difficult to believe that you were able to make a living out of this system. What is the main difference between your profitable way of trading this system and the way it is traded by the EA's produced by the wonderful damiend (congratulations for the coding from a coder!)?

I became curious about your thread because, before discovering it, I was coding, by myself, a quite similar logic, which unfortunately I did not manage, yet, to make profitable. And I was looking for hints. Your initial post looked very promising. Can you identify what you are manually making differently from what a "dry" mathematical algorithm is rinsing and repeating?

Thank you so much in advance.
πάντα δοκιμάζετε τὸ καλὸν κατέχετε
  • #636
  • Nov 27, 2017 4:14pm Nov 27, 2017 4:14pm
So 21 days have passed with the monthly basket test, and I thought things were coming back nicely last week, but today has been a bad start. There's still 1 more week to go before the 1 month test is completed.

One thing I've learned during this test is that it's not suitable for basket trading as each pair behaves differently so each would require different settings to "optimize" them to the strategy.

I think perhaps sticking to 6-10 pairs max and tailoring the settings to suit each pair would work better, using the same setting for each pair has not worked well.

Lets see how the rest of the month plays out, currently 3 weeks gone and the account is at -33%.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-27 at 8.08.25 PM.png Size: 230 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #637
  • Nov 27, 2017 10:37pm Nov 27, 2017 10:37pm
you're absolutely right. my 15 minutes of trading with only 8 currency pairs only has recovered slightly to 9153 but then losses again. so still a total loss overall starting with 10,000.
It is interesting to note that the 30 minutes trading (everything with standard settings) I am in a small profit!
Generally speaking, I've had only bad experiences with moving averages eg Puria (other concept with 13 pairs, other standard averages (75-85-5). Even after 5 months in a loss. The idea is good and plausible but the practical implementation is negative as a result.
  • #638
  • Nov 29, 2017 11:48am Nov 29, 2017 11:48am
Quoting Jagg
{quote} Sorry, my fault... try this one please! {file} {file}
i get the CK alerts,BUT nothing show, no lines 0 blank ,is that the way for the CK _
NICKNAME FOR WANNABE MY TRADES ARE ON LEARNING DEMO ACCOUNT
  • #639
  • Dec 5, 2017 3:16am Dec 5, 2017 3:16am
No one using this for intraday? Or, at all?

Damiend, I'm putting 0 pips on delayed entry, but it opens the trade immediately after arrow appears. Does 0 mean cancel delayed entry, and I should've put 1 instead?
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